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ISS and Vattenfall sign seven-year partnership
ISS and Vattenfall have entered into one of Sweden's and the Nordic countries' largest agreements for facilities management services, a flexible outcome-based partnership designed to deliver on the parties' mutually developed vision and objectives.
After working together since 2006, the two signed an official 'Vested' agreement across the Nordic countries just prior to Christmas, formalising the outcome-based approach to collaboration, cost leadership and sustainability at Vattenfall's 250+ sites across Sweden as well as Denmark, and Finland.
Through this close partnership model, the two companies together aim to provide more productive, cost efficient, attractive and sustainable facilities and workplaces that support Vattenfall's vision in becoming fossil-free within one generation.
Vattenfall will become a Global Corporate Client of ISS, and under the terms of the agreement, will benefit from ISS Group's global scale, with support from ISS Global Operational Excellence and its key account-focused concepts, tools and technology. ISS will deliver 25 soft, hard and specialised nuclear services, including waste management, property maintenance, and catering. The seven-year agreement came into force on 1st January 2019 and is worth around SEK 5bn over the seven years.
"Our long-term relationship with Vattenfall, now evolving into a new phase, exemplifies the strength of our key account-focused strategy and this 'Vested' agreement showcases how we can bring real value to customers: in mutually beneficial partnerships where together we can drive innovation, sustainability and employee wellbeing - with a positive impact on society as a result," says Jeff Gravenhorst, ISS Group CEO.
"I look forward to the close collaboration ahead."
Magnus Hall, CEO of Vattenfall, says:
"Through this partnership with ISS, we can keep focus on our core business within Vattenfall and continue our journey towards fossil-free living within one generation. We can adapt more quickly to the outside world's requirements and reduce our costs. ISS will contribute with what they know best - real estate and facility management services - supporting us in setting the highest standards for our own work."
Kate Vitasek, founder of the Vested methodology and lead researcher at the University of Tennessee, said:
"Both Vattenfall and ISS are at the forefront of the market when it comes to understanding the need to transform how they do business together, and with this officially certified Vested deal, they have created a highly flexible win-win contract that will sustain the companies into the next generation of outsourcing."
7th January 2019